trump supporters are the uneducated lot... the type of person who will be sucked in to pay for some useless course at trump university .. anyway, crate em up, stack em up and toss em out the door (is that how the middle class is disappearing ) oh mmm calss and parth (Parth in Sanskrit means: the son of Pruthvimata, or "Mother-Earth.") .. whoever started this thread must have been on the slops ..
Originally posted by sharps2r800:
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The 20 richest Americans are worth over $990 billion. There are over 660 billionaires in the US including President Trump. Never in history has so much money poured into the overflowing coffers of the super rich as in the passed 4 years. Never in history has there been such an enormous gap between rich and poor as in the US right now under Trump. Under Trump the Fed has injected over $3 trillion into the markets in only 3 months, twice the amount spent during the GFC. Now the Fed is buying junk bonds for the first time in history. "Robert Pavlik, chief investment strategist at SlateStone Wealth in New York, said: “No doubt the market liked it. Who doesn’t like more cake and ice cream? It fuels traders to buy individual stocks and take on higher risk because the Fed has backstopped the bond market and kept a tighter lid on interest rates.”The intervention is being financed by the provision of $75 billion from the US Treasury which the Fed is able to leverage up to create a fund of $750 billion." The richest 1% have never been so rich and paid so little tax. Thank You Mr Trump.
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mmm - buying junk bonds by printing money.. if only the plebs could have the fed buy their mortgages . no wonder the price of gold is steadily moving higher Junk Bond Prices Rally AfterFed Offers Lifeline to Riskier Credits ... "Fallen angels are a narrow set ofcompanies . If theFed buying high-yield ETFs puts a floor on the price ... that's a big ...
sounds a lot more like socialism than capitalism
Originally posted by sharps2r800:
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Early June Fed chairman Jerome Powell said: “We’re not thinking about raising rates. We’re not even thinking about thinking about raising rates.” The Fed said it would increase its holdings of government debt “at least at the current pace to sustain smooth market functioning.” It is currently buying around $20 billion worth of US Treasuries every week, an average of $4 billion per day. Free money. Thank You Mr Trump.
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